Governor Haley Barbour proposed a 12 percent budget reduction for most state agencies and called for the merger of some state agencies, universities and school districts in his Executive Budget Recommendation for Fiscal Year 2011. The $5.5 billion state budget includes $370 million in stimulus funds that will cease after the coming fiscal year, which begins July 1. Governor Barbour is required by state law to submit a budget to the Legislature.
Mississippi needs drastic reform to counter a projected $715 million shortfall in the next fiscal year and a $1.2 billion deficit in FY 2012. The national recession forced a sharp decline in state tax collections.
Governor Barbour talks about equitable funding for the state employees retirement system
To see Governor Barbour discuss other parts of the budget, see below.